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AI: Companies

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AI: Companies
Explore cutting-edge AI developments in China that are transforming various industries and reshaping the future.
Employees produce ventilators at Mindray Bio-Medical Electronics, a medical device manufacturer based in Shenzhen. Photo: Xinhua
Biomedicine: Companies

Shanghai start-up United InnoMed plans studies to develop heart-failure treatment device

Company raised US$20 million of fresh capital last month from investors including existing backer Lilly Asia Ventures.

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DeepSeek

DeepSeek’s new maths-solving model is generating buzz, but mostly about R2

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Artificial intelligence

DeepSeek quietly updates open-source model that handles maths proofs

US-China tech war

Chinese AI and robotics start-ups respond to Xi’s self-reliance call

The Chinese president met representatives from several AI and robotics start-ups during a visit to Shanghai.

Chinese President Xi Jinping visits the Shanghai Foundation Model Innovation Center on Tuesday. Photo: EPA-EFE/Xinhua
Xiaomi

Smartphone giant Xiaomi unveils AI model, joining fierce competition in China

Xiaomi says its open-source MiMo reasoning model, trained completely in-house, rivals the performance of OpenAI’s o1-mini and Alibaba’s QwQ-32B.

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Artificial intelligence

Pony.ai partners with Tencent to provide robotaxi services on WeChat

With access to more than a billion users on Tencent’s platforms, Pony.ai is set to significantly boost its revenue potential.

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Artificial intelligence

Alibaba unveils Qwen3 AI models that it says outperform DeepSeek R1

The release comes just days after Baidu introduced two advanced models amid speculation about the imminent release of DeepSeek’s R2.

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Alibaba has released the third generation of its Qwen AI model series. Photo: Reuters
Semiconductors

Tencent, Alibaba buy Nvidia GPUs from ByteDance stockpile, report says

ByteDance’s rivals are acquiring some of its US$13.7 billion worth of Nvidia’s H20 chips, which are now barred from export to China.

Artificial intelligence

Flurry of Chinese AI updates come amid tightening Nvidia restrictions

Alibaba, Baidu, ByteDance and Tencent have introduced updates to AI agents and visual applications in recent days.

Huawei

Huawei to roll out AI chips this year as potential alternative to Nvidia’s H20

US export restrictions are expected to accelerate China’s push for self-reliance, including efforts to shift the chip supply chain onshore.

The Huawei logo is seen on a smartphone screen with an AI chip visual representation behind. Photo: Shutterstock Images
Banking & finance

GenAI spending can unlock ‘co-working’ potential in financial sector: Moody’s

Moody’s has developed 35 AI-driven agents with specific instructions, personalities and access to data and research to perform different tasks.

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People attend a conference in London in December 2024 to discuss the transformative potential of online education and artificial intelligence. Photo: Xinhua
Artificial intelligence

Alibaba’s AI cancer detection tool clears FDA hurdle for faster approval process

The tech giant’s Damo Academy secured a “breakthrough device” designation from the US regulator for its pancreatic cancer-detecting AI model, Damo Panda.

DeepSeek

From gifted student to AI hero, DeepSeek founder inspires a nation

Hailing from an obscure village in southern China, Liang Wenfeng has risen from humble roots to become a household name.

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Huawei

Huawei launches new AI architecture to challenge Nvidia’s dominance

Huawei’s alleged advancement points to the US-sanctioned company’s progress in achieving self-sufficiency in computing power.

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Huawei logo is seen at the Mobile World Congress in Shanghai in June 2024. Photo: AFP
Artificial intelligence

China’s Kuaishou unveils ‘world’s most powerful’ AI video generator

The short video firm has launched Kling AI 2.0, saying the service now has more than 22 million users globally.

Kuaishou unveiled its Kling AI 2.0 video-generation model on Tuesday, touting its performance in generating realistic content. Photo: Ben Jiang
Artificial intelligence

Ant Group ramps up healthcare presence as ‘AI doctors’ gain popularity in China

The agents, with expertise in a range of fields including tumours and chronic diseases, are built on Ant’s medical AI foundational model.

Artificial intelligence

China AI unicorn Zhipu eyes IPO filing this year after DeepSeek’s success

The Beijing-based start-up, which is sanctioned by the US, has submitted pre-IPO documents on the mainland with plans to file for an IPO by October.

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Alibaba

Alibaba’s Quark surpasses ByteDance’s Doubao as China’s top AI app

Quark’s rapid ascent comes as Alibaba has transformed the app from a cloud storage and search service into an ‘AI super assistant’.

A Quark advertisement at the airport in Nanning, China. Photo: Simon Song
Artificial intelligence

SenseTime to expand computing power amid surging AI model demand

Co-founder Yang Fan expects capacity to grow by up to triple digits annually over the next two years amid surging generative AI demand.

Artificial intelligence

China’s SenseTime bets on new AI training method to stand out

Its latest SenseNova V6 and V6 Reasoner models have outperformed competing products from OpenAI, CEO Xu Li says.

Artificial intelligence

Alibaba executive sees ‘explosive growth’ in AI applications in 2025

A four-day AI fair hosted by Alibaba Cloud in Beijing offers visitors a glimpse of the future.

Alibaba has been investing heavily into artificial intelligence. Photo: AFP
TSMC

TSMC could face US$1 billion fine over chip in Huawei AI processor

Penalising TSMC comes at a critical moment for US-Taiwan relations after Trump slapped a 32 per cent levy on imports from the island.

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TSMC is under a US investigation over a Huawei processor containing chips from the Taiwanese company. Photo: Reuters
DeepSeek

DeepSeek unveils new AI reasoning method amid anticipation for R2 model

In collaboration with Tsinghua University, DeepSeek developed a technique combining reasoning methods to guide AI models towards human preferences.

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Alibaba

How Alibaba is transforming into a catalyst for China’s AI boom

By empowering innovations through its own technology and supporting former employees, the tech giant is reshaping China’s AI landscape.

Artificial intelligence

Quora-like platform Zhihu bets on AI to become China’s X and LinkedIn

‘In the era of AI, the influence of high-quality content will only grow,’ finance chief Wang Han says in an interview with the Post.

Zhihu is hoping to become China’s primary platform for public discussions and professional knowledge sharing with the help of AI. Photo: Shutterstock
Artificial intelligence

Hong Kong crypto firm HashKey jumps on AI bandwagon, joining Web3 players

HashKey’s first AI product is designed for content moderation, but it envisions a future of AI agents trading on blockchain on behalf of users.

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Hong Kong-based cryptocurrency exchange operator HashKey is joining the artificial intelligence race with a product designed for content moderation. Photo: Shutterstock
Alibaba

Alibaba’s Qwen3 AI model coming this month, sources say

The latest upgrade to the Qwen family of models will include a mixture-of-experts version and one with just 600 million parameters for mobile devices.

Alibaba

Alibaba woos back DingTalk founder to lead office app’s AI push

Chen Hang, who created the app in 2015, will return as DingTalk CEO as Alibaba plans to take a stake in the entrepreneur’s start-up.

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